The Graph (GRT) is testing descending channel resistance near $0.098 while accumulating at the 50-day moving average; a sustained breakout above $0.0975–$0.0980 on rising volume would likely target $0.102 and higher staged resistance levels.
GRT consolidates near MA50 and tests $0.098–$0.102 channel resistance.
Trading volume rose over 170%, indicating increased participation and supply absorption.
Clear close above $0.0975–$0.0980 could open targets at $0.102, $0.115 and higher.
GRT price outlook: The Graph testing channel resistance near $0.098; monitor breakout on rising volume — trade with defined risk. Read analysis and targets.
What is the current GRT breakout outlook?
The Graph (GRT) is compressing against a multi-month descending channel and showing accumulation near the 50-day moving average. Rising volume and higher reaction lows suggest supply is being absorbed; a daily close above $0.0975–$0.0980 would signal a likely path toward $0.100–$0.102 and staged targets beyond.
How is volume shaping The Graph’s (GRT) short-term structure?
Volume surged about 173.65% in the latest sessions, with heavier participation on upward moves and lighter selling pressure. This imbalance indicates steady absorption of offers and supports the thesis that bulls are defending higher lows around the MA50. Rising volume on a breakout would confirm increased conviction.
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The Graph (GRT) approaches its descending channel resistance, showing signs of accumulation near MA50 as volume rises
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- GRT is consolidating near the MA50 while testing the upper channel resistance at $0.098–$0.102.
- Trading volume increased by over 170%, signaling rising participation as bulls defend higher lows.
- A breakout above $0.0975–$0.0980 may open a path toward $0.102 and further staged targets.
The Graph (GRT) is showing early signs of a potential shift in momentum as its price compresses against descending channel resistance. Traders are closely monitoring volume changes and moving averages for clues on possible upward continuation.
Channel Resistance Faces Renewed Test
The Graph has advanced to the upper boundary of a multi-month descending channel, attracting attention from market participants. Jonathan Carter highlighted this setup, noting a developing breakout structure supported by accumulation near the 50-day moving average. This clustering indicates a transfer of positions, often preceding stronger directional movement.
Source: Jonathan Carter
Repeated drives into the support band across August produced higher reaction lows, gradually weakening earlier bearish pressure. The price action now converges with a volume node between $0.098 and $0.102, a range acting as both a technical and psychological barrier. A decisive move through this zone would mark the first clear break of the channel in recent weeks.
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Volume dynamics reinforce the emerging structure. Trading activity rose significantly on upward movements while selling phases experienced lighter participation. This pattern suggests steady absorption of supply, leaving the market poised for a potential expansion if resistance gives way.
Key Levels and Short-Term Structure
At the time of writing, GRT traded around $0.0946 with a daily gain of 5.82%. Market capitalization was at almost $989 million and 24-hour volume increased by 173.65 percent to approximately $68.3 million. The price has moved between $0.085–$0.098 in recent sessions, retesting demand pockets before attempting the channel ceiling.
Short-term support is placed at $0.093–$0.094, aligning with the current oscillation band. Failure here could retest $0.091–$0.092, while stronger interest is likely near $0.090 and the deeper $0.088–$0.086 demand zone that initiated the latest rally.
On the upside, clearing $0.0975–$0.0980 with sustained momentum would open a path toward $0.100–$0.102, aligning with horizontal supply and initial target zones. Thin liquidity beyond $0.102 offers room for accelerated moves if acceptance is achieved.
Outlook for Breakout Continuation
According to Jonathan Carter via X, staged targets following a confirmed breakout include $0.102, $0.115, $0.130, $0.149, $0.165, and $0.184. These represent successive resistance layers where historical supply may re-emerge. Traders are watching for a breakout-and-retest pattern to confirm continuation.
A measured retracement toward the MA50 or the $0.098–$0.102 zone could attract buyers if momentum is preserved. This setup provides structured entry opportunities for swing participants while maintaining defined risk below recent lows.
If the channel resistance holds, the current support structure remains intact and the market would likely continue consolidating. Only a daily close back below the lower channel and recent swing points would invalidate the breakout thesis and return GRT to broader sideways action.
Frequently Asked Questions
What are the best confirmation signals for a GRT breakout?
Look for a daily close above $0.0975–$0.0980 on above-average volume, followed by a successful retest of the breakout area. Momentum indicators and order-flow showing sustained buying strengthen confirmation.
How should traders size risk around this setup?
Use small, defined position sizes relative to account equity. Place stop-loss orders below the recent swing low or MA50 and scale targets at $0.102, $0.115, and $0.130 to lock profits while managing downside risk.
Key Takeaways
- Accumulation at MA50: Clustering near the 50-day moving average suggests position transfer and potential bullish bias.
- Volume confirms structure: A 170%+ spike in volume on upward moves points to supply absorption and increased participation.
- Clear breakout triggers targets: A sustained close above $0.0975–$0.0980 would target $0.102 first, then higher staged resistances.
Conclusion
The Graph (GRT) is set up for a potential breakout as it tests descending channel resistance with rising volume and accumulation near the MA50. Monitor a daily close above $0.0975–$0.0980 and volume confirmation for entry signals, while managing risk below recent support. COINOTAG will continue monitoring price action and update targets as conditions evolve.
Source: https://en.coinotag.com/the-graph-grt-could-be-poised-for-breakout-as-it-tests-descending-channel-resistance-near-ma50/